Best New Car Deals: October 2017

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - October 5, 2017

See the best cashback & financing offers in one place

For October, we’ve uncovered up to $7,000 in savings, as well as limited-time offers that actually make it smarter to buy earlier in the month. Fall is here and model year-end new car deals are red-hot on 2017 inventory.

In some cases, you can even combine zero-interest financing with as much as $3,250 cashback. We've even found attractive perks like Supplier Pricing and bonuses of up to $2,000 simply for coming from a competitor.

We’ve listed the best deals on SUVs, cars, trucks, and sporty cars based on the latest offers. We’ve included cashback, financing specials and even some unadvertised discounts that you won't find anywhere else.

Prefer to lease? Check out our comprehensive analysis of the best lease deals.

Updated October 5

Best SUV Deals This Month

  • Best Deal: $2,500 cashback
  • MSRP: From $18,595
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 24/30
  • Expires: October 31, 2017

Why it's a top pick: Once again, Kia is offering a whopping $2,500 bonus when you finance at non-promotional rates. That's a $1,000 advantage over the standard rebate of just $1,500, and the best deal we've seen to date.

Coupled with dealer discounts, expect to see prices dip into the mid-$16,000 range, which is lower than most economy cars that are smaller and less rich with features.

Where you can find this deal: This is a national offer available in all regions. Get your custom quote »

  • Best Deal: Up to $4,500 cash
  • MSRP: From $24,645
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 23/30
  • Expires: October 31, 2017

Why it's a top pick: Now that the 2018 model is here, Ford has amped up discounts on the 2017 Escape. The biggest change this month is a $1,000 bonus for financing through Ford Credit at non-promotional rates.

Altogether, you can now save up to $4,500 off any version of the popular SUV. That's more than double the amount of discounts that you'll see on competitors like the Toyota RAV4.

Where you can find this deal: Ford offers can vary by location, but we're seeing this deal in California and a number of other regions. Please check with your dealer for local offers. Get your custom quote »

Jeep Cherokee
  • Best Deal: Up to $7,000 cashback
  • MSRP: From $24,985
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/30
  • Expires: October 31, 2017

Why it's a top pick: With as much as $7,000 in savings, the 2017 Cherokee has the most discounts of any small SUV. Although the best deals are on the well-equipped Limited, even the rugged Trailhawk is eligible for $6,000 off.

Both numbers factor in a $500 bonus for financing through Chrysler Capital at non-promotional rates. Now that the 2018 Cherokee has arrived, expect to be able to negotiate an outstanding price.

Where you can find this deal: Promotions from Jeep can vary by region, and the offers listed here can be found in California. Please check with your dealer for local offers. Get your custom quote »

Jeep Cherokee
  • Best Deal: 0% APR + $3,000 cashback
  • MSRP: From $29,845
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/29
  • Expires: October 31, 2017

Why it's a top pick: Once again, the Ford Edge features an impressive mix of zero-percent financing plus factory cash back. Well-qualified buyers can enjoy $3,000 on top of 0% APR for 60 months.

Alternatively, you can get as much as $5,000 cash when financing at non-promotional rates. All versions of the Edge are eligible, even the 315 hp Edge Sport which offers more thrills than competitors.

Where you can find this deal: This offer can be found in California, but other regions feature similar deals. Please check with your dealer for local offers. Get your custom quote »

  • Best Deal: $4,000 cashback
  • MSRP: From $52,675
  • Passenger Capacity: Up to 7
  • MPG (City/Hwy): Up to 15/18
  • Expires: October 31, 2017

Why it's a top pick: Now is the best time to buy a GX with $4,000 in Lexus Cash on all remaining 2017 inventory. What's impressive is that we generally see zero incentives on this model at any other time during the year.

Your alternative is to take 2.9% APR for 72 months. However, given the value of the rebate, most shoppers will probably benefit more from taking the cash and arranging outside financing.

Where you can find this deal: Although Lexus offers are regional, we're seeing this deal in many areas such as California, New York, and others. Get your custom quote »


Research all crossovers with the biggest rebates »

Research all SUVs with the biggest rebates »

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Best Car Deals This Month

Ford Focus
  • Best Deal: Up to $4,500 cashback
  • MSRP: From $18,745
  • Passenger Capacity: Up to 5
  • MPG (City/ Hwy): Up to 30/40
  • Expires: October 31, 2017

Why it's a top pick: With $4,000 in discounts, Ford is giving car buyers ample reason to choose a new Focus. That's double the amount you'll see from competitors like the Toyota Corolla.

Even better, you can get a $500 bonus when choosing one with the efficient 1.0-liter EcoBoost engine for $4,500 in total savings. Even the sporty Focus ST is eligible for $3,500 off before dealer discounts.

Where you can find this deal: Special offers from Ford vary by region, but we're seeing this deal in many areas such as California, New York, Florida and more. Get your custom quote »

Hyundai Sonata
  • Best Deal: Up to $6,750 cashback
  • MSRP: From $22,785
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 28/36
  • Expires: October 31, 2017

Why it's a top pick: The 2017 Sonata continues to feature up to $6,750 in savings when choosing a 2.0T or Limited model. However, this is probably your last chance now that stock is running extremely low.

For comparison, the 2018 Sonata is only eligible for a measly $1,500. To get the deal, be sure to take advantage of a $750 bonus for financing at non-promotional rates. You won't find a deal anywhere this good from competitors.

Where you can find this deal: This is a national offer available in all regions. Get your custom quote »

  • Best Deal: 0.9% APR + Up to $3,500
  • MSRP: From $26,450
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 25/34
  • Expires: October 31, 2017

Why it's a top pick: With $3,500 cash PLUS 0.9% financing for 72 months, the Clubman is the best deal on a small wagon. Finding a combo this attractive of cash and low APR is extremely rare, especially from MINI.

To get the best deal, be sure to consider a Cooper S since they're eligible for $750 in discounts that you can't get with the base model. Concerned about reliability? All MINIs come with 3 years of no-cost "Boot to Bonnet" maintenance.

Where you can find this deal: This is a national offer available in all regions. Get your custom quote »

Dodge Charger
  • Best Deal: 0% APR + $3,250 cashback
  • MSRP: From $29,090
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 19/30
  • Expires: October 31, 2017

Why it's a top pick: Once again, Dodge is offering $3,250 cash on top of 0% APR for 60 months. You won't find such a favorable combination of cash and low-interest financing from a direct competitor.

To get the best deal, be sure to consider an SE or SXT model. Craving more performance? The R/T and R/T Scat Pack are eligible for a similar deal of 0% APR plus $2,750 cash.

Where you can find this deal: Promos from Dodge can vary by location, but we're seeing this deal in most regions. Get your custom quote »

Volvo S90
  • Best Deal: Up to $5,500 cashback
  • MSRP: From $47,945
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 23/34
  • Expires: October 31, 2017

Why it's a top pick: If you're looking to buy, the sleek S90 can be a stellar deal with $4,500 cashback on either the T6 or T8 model. The lower-priced T5 is eligible for a smaller allowance of just $2,750, which could make a nice case for upgrading.

If you’re a current Volvo owner or lessee, you may be eligible for a $1,000 loyalty bonus. Altogether, that’s $5,500 in potential savings, the highest we’ve ever seen on this model.

Sadly, last month's Employee Pricing deal and $3,000 bonus for Costco members expired on October 2. Will we see a similar deal later this year? That remains to be seen.

Where you can find this deal: Volvo offers can vary by location, but we're seeing this deal in most regions. Get your custom quote »


Research all sedans with the biggest rebates »

Research all hatchbacks with the biggest rebates »

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Best Truck Deals This Month

Chevy Colorado
  • Best Deal: Up to $4,000 cashback
  • MSRP: From $32,170
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 20/26
  • Expires: October 16, 2017

Why it's a top pick: GM is offering another early-month deal on all versions of the Colorado. Through October 16, you can get a $750 bonus on whichever style that you like the most.

That said, Z71 trucks are eligible for a whopping $2,000 bonus all month. Even better, you can save an extra $1,250 when choosing the Midnight Edition. Altogether, that's up to $4,000 in potential savings.

Where you can find this deal: This is a national offer available in all regions. Get your custom quote »

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Best Sports Car Deals This Month

  • Best Deal: Up to $3,750 cashback
  • MSRP: From $26,900
  • Passenger Capacity: Up to 4
  • MPG (City/Hwy): Up to 22/31
  • Expires: October 16, 2017

Why it's a top pick: The Camaro features up to $3,750 in savings, but you'll need to jump through some hoops in order to get there. Here's how it works.

First, GM is offering a $2,000 bonus on LT models through the end of the month. Residents of areas like California, New York, Florida, DC and others are eligible for an additional $1,000. Through October 16, there's also a $750 bonus on all versions.

Coming from a Ford Mustang? GM will put another $2,000 in your pocket with what's called a conquest bonus. Altogether, that's actually $5,750 in potential savings. But wait, there's more.

Starting this month, GM and Costco are teaming up to offer Supplier Pricing for warehouse members. Since the offers are stackable, there's a ton of money to be saved.

Where you can find this deal: Offers mentioned here are national unless noted otherwise. Get your custom quote »

Lexus RC F
  • Best Deal: $7,000 cashback
  • MSRP: From $65,160
  • Passenger Capacity: Up to 4
  • MPG (City/Hwy): Up to 16/25
  • Expires: October 31, 2017

Why it's a top pick: Last month, Lexus introduced a massive $7,000 rebate on the RC F, a $3,000 increase compared to before. As a result, this ranks as one of the single largest cash discounts on any car, period.

With a meaty 5.0-liter V8 under the hood packing 467 horses, the RC F won’t sound like most other Lexus cars on the road. For now, you can get a great deal on this aggressively styled beast.

Where you can find this deal: Lexus offers are regional, but expect to see this deal in most parts of the country. Get your custom quote »


Research all coupes with the biggest rebates »

Research all convertibles with the biggest rebates »

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All Top-Ranked Deals in October

Vehicle Type Model Description Best Deal Starting MSRP Expiration Your Price
SUV 2017 Kia Soul $2,500 cashback $18,595 10/31/17 Get Quote
SUV 2017 Ford Escape Up to $4,500 cashback $24,645 10/31/17 Get Quote
SUV 2017 Jeep Cherokee Up to $7,000 cashback $24,985 10/31/17 Get Quote
SUV 2017 Ford Edge 0% APR + $3,000 cashback $29,845 10/31/17 Get Quote
SUV 2017 Lexus GX 460 $4,000 cashback $52,675 10/31/17 Get Quote
Car 2017 Ford Focus Up to $4,500 cash $18,745 10/31/17 Get Quote
Car 2017 Hyundai Sonata Up To $6,750 cashback $22,785 10/31/17 Get Quote
Car 2017 MINI Clubman 0.9% APR + $3,500 cashback $26,450 10/31/17 Get Quote
Car 2017 Dodge Charger 0% APR + $3,250 cashback $29,090 10/31/17 Get Quote
Car 2017 Volvo S90 Up To $5,500 cashback $47,945 10/31/17 Get Quote
Truck 2017 Chevrolet Colorado Up to $4,000 cashback $32,170 10/16/17 Get Quote
Sports Car 2017 Chevrolet Camaro Up to $5,750 cashback $26,900 10/16/17 Get Quote
Sports Car 2017 Lexus RC F $7,000 Cashback $65,160 10/31/17 Get Quote
Updated October 6

Prefer to lease? See the best lease deals this month »

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website